Business
Latest Business News in Iran – News and reports about all things to do with commerce, trade, banking and industry in Iran and the world. Covering ongoing developments, market news, contracts, joint ventures, trade delegations, chambers of commerce, manufacturing, labour news and resource management.
Iran’s auto production up by over 60%
Iran’s auto industry has raised its production of motor vehicles by over 60% over the past 10 months, according to local reports.
IMF calls Iran 2nd biggest economy in ME, N. Africa, Central Asia
The International Monetary Fund has said in its latest report that Iran is the second biggest economy in the Middle East, North Africa, and Central Asia.
Iran seeks alternative ways to increase non-oil revenues
President Rouhani has said that Iran should invest more in new technologies and related areas to increase its non-oil revenues.
Foreign gain with Iranian pain
Importers of Iranian products prefer to buy goods in bulk and have them packed to sell them to other countries to make huge profits leaving Iranian producers no share of the profits.
Nahavandian consults with Turkish envoy on preferential tariffs
Iran’s economy should be competitive to progress and in doing so private sectors of the two countries should feel balanced benefits.
Top MP: Iran is growing at a fast pace
Parliament Speaker Ali Larijani has said Iran is growing rapidly, but it needs to give momentum to its production sector to move forward even faster.
Tehran ready to ink regional convention on power plant safety: Iran nuclear chief
Iran is ready to create a regional safety convention for the supervision of the regional countries' power plant operations, said Salehi.
Pakistan will honor undertaking to lay gas pipelines on its side
Islamabad has said that it will fulfill its undertaking to lay gas pipelines on Pakistan soil, adding that gas imports from Iran will begin as of late 2016 or early 2017.
Iran starts laying new gasline to Iraq
The construction of the first pipeline which goes to Baghdad is almost complete and is to start carrying gas to the country by May, 2015.
Iranian oil exports to Asian states jump by nearly 20% in 2014
December oil imports into Asia rose 22.1 percent over last year to 1.21 million barrels per day, the highest since May.
Iran has signed a contract to buy FPSO vessel
Based on the contract signed of late, a floating vessel is to be used in the South Pars Gas field to exploit oil layers.
Iran parliamentary committee cuts National Development Fund’s share of oil
The share of National Development Fund of Iran from oil revenues has decreased to 20 percent from a previous 26 percent.
State oil ownership is in contradiction with democracy
Farhad Nili, the director of the Monetary and Banking Research Institute, has said that an economy without oil can be envisioned for Iran.
Individual actions have no place in the world
The Chairman of the Expediency Council has said in a message to an International Brand Strategy Conference that Iran’s dignity is closely interwoven with the quality products it makes at home or sends abroad.
Enemy cannot prolong its pump war
Justice Minister Mostafa Pourmohammadi has said that Iran has managed to undo the destructive effects of the Western-imposed sanctions.
Iranian and French car giants sign auto deal
The two cars would be available on the market late this year (started on March 21, 2014) or early next year.
Sliding crude prices at the expense of alternative energies
Mohsen Renani, a university professor, says he does not buy arguments that Saudi Arabia has refused to reduce its output only to undermine Russia, Syria and Iran.
Iran, China ties strategic: Velayati
Iran is keen to boost ties with China and views its relations with Beijing as strategic, said Ali Akbar Velayati.
German no-frills airline to launch direct flights to Iran
German budget airlines Germania will have twice-a-week direct flights from Berlin and Dusseldorf to Tehran, in addition to a once-a-week direct flight from Hamburg to Mashhad.
Tumbling oil prices have opened up an opportunity for Iran
Economy Minister Ali Tayyebnia has said that government is trying to turn the threat posed by falling oil prices into an opportunity for the country.
Iran to enforce preferential tariff with Kazakhstan, Eurasia
Underscoring Iran’s determination to expand ties with Kazakhstan, the head of the Trade Development Organization voiced Tehran readiness to clear any hurdle.
Iran to double renewable energy capacity, official
The Iranian government says it plans to double the capacity of wind and solar power generation across the country.
Iranians won’t forget China’s cooperation over the years
The secretary of the Expediency Council says that Iran and China can make joint investment in Iraq if China fully cooperates with Iran.
Iran looks to invest more in mineral extraction: Official
Iran’s mining officials say Iranians – no matter where they live – and foreigners can invest in the country’s mining sector.
Common enemies use oil as political tool: Leader to Maduro
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says enemies are using oil as a political tool to exert pressure on oil exporting countries.
